Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Denmark consider taxing unrealized gain on bitcoin.
by
Nemo.vi
on 25/10/2024, 15:05:55 UTC
⭐ Merited by pooya87 (4)
I've always found tax laws in the west to be very draconian. Although it makes sense because their governments' budgets heavily relies on these taxes and the more budget deficit they face and the more economic crisis they face the more they need to increase their income hence the increasing taxation.

Considering that the alternative is to print money and that would cause hardship for everyone and tank the economy, I'd say the "draconian taxation" is the lesser of two evils.
I understand your point about the need for tax revenues, but I believe that overly harsh taxation can stifle innovation and discourage businesses. Instead of raising taxes, governments could consider reducing some expenditures or reforming the tax system to encourage investment. Printing money isn't the only solution, and I think a better balance would be more beneficial for the economy in the long run.